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CNBC
Feb 8, 2013 4:00am EST
we got to this day. >> yeah, yeah. >> strong numbers out of china. >> that's right. we saw a big improvement there. but i have to say frankly, most people's attention whether it's here or on the other side of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> that doesn't mean there aren't other things, too the. >> that's true, in other parts of the world. >> china is ushering in the year of the snake. i'm not sure what that means, but we'll talk about it. should investors brace for a slippery return? i have to say, previous years of the snakes haven't been that great since the big historical events happen. >> maybe we should call it year of the strong. >>> peugeot reveals massive write-downs as reports suggest the company may nationalize. we'll have details live tr paris at 10:10 cet. sxwt latest on the blizzard threatening to bring chaos to the east coast. we'll have the late
CNBC
Feb 25, 2013 4:00am EST
a fourth consecutive month of expansion. china's hsbc flash pmi index for february slipped to 50.4, the lowest reading in four months and down from a two-year high in january of 52.3. no one is hitting the panic button just yet. >> while the flash pmi slipped from a two-year high in yarn, it tells us china's economic recovery is intact. 6.4 is considered that the week long lunar new year holiday fell in february of this year. look back at lunar new year last year and you can see some of the distortion effect it fell in january 2012. what may be worry background this month's flash pmi is the new export orders subindex. it inched down to contraction territory, add to go existing worries about this sector. taken as a whole, the flash pmi number is the earliest indicator of china's health and the hsbc and the official data have been steadily improving. the hsbc category track tess official firms. the official is represented by green line here. now, all eyes are on friday when we will get the final pmi readings. back to you guys. >> all right. that was diedra. joining us for more, dar
CNBC
Feb 25, 2013 5:00pm EST
end retailers. william loauder is going to joi us. and china bull. the top performing chinese stock fund manager givens you his top picks for a rebound. but first, let's get straight to the traders, stocks losing steam into the close. the dow and the s&p posting their worst day of the year, as the italian election weighs on confidence. tim, what did you make of the trading action today? big selloff going into the close. >> it's the macro, mandy, and welcome. we got a fresh whiff of the garlic from the garlic belt. be careful of a miracle that seemed too good to be true. this is europe. it's not fixed. it is not necessarily better. the divided parliament in italy, not a big deal. this is not greece. but when you look at the entirety of what people had priced into europe, when you look at how oversold treasuries were, how gold was, how overbought the s&p was, look at the move that the yen has had, we haven't seen these types of moves all year and in many cases, we haven't seen these in months, so, the big macro guys are out there, they were moving stuff around and we had big volumes g
CNBC
Feb 7, 2013 6:00pm EST
the issue of the globe. we are seeing on this show i feel others aren't, a resurgence in china. you're well positioned. an incredible come back in latin america, particularly mexico. europe's stabilizing. i say it's good. in that environment, you have -- you have correctly placed your hotels. >> well, it's really interesting for us, our business is so dependent on economic activity, business confidence and consumer confidence. you're exactly right. january in china our rev par numbers with up 6%. that's after a slow down. the government transitions almost behind us, chinese new year will be behind us. china is picking up. latsen america was the strongest growth region, slowed down last year because of argentina. we haven't talked about africa which is another place where global capital flows are coming in in ways we have never seen before. >> let's talk about china for a moment. we see china as having a big year in 2013. a lot of people had penalized your stock, tank it down to the -- well at that point into the 50s because they felt you were overexpanding in china. you're probably as a per
CNBC
Feb 20, 2013 11:00pm EST
been acting lame. china may indeed be slowing, i don't like to see the oil index plummet. the speculation. i don't like washington back on the front page. they come along at the right moment to put the cabarb on any rally. jellystone national park, yogi. i am concerned about the payroll tax holiday going away. i am worried about higher taxes, autosales could be slowing. did anyone think -- did anyone think we would maintain the streak longer than the ah mazing hittering streak of joe dimaggio. no-hitters endlessly. the late, great marty sly said, we got the chance to watch him, don't fight the tape and don't fight the fed. if the economy is going to slow down because of the fed, don't filt that as a gardener, even if i am a savage fighting machine gardener, i like the concept of rain. i like to believe you can have a garden variety squall. i just think they we were due, over due. maybe for a bit of rain or a thunderstorm. for those of you who don't pay for espn. i saw green bay lose a bunch of games, i have written off the yankees, why can't the market have a losing sessi
CNBC
Feb 1, 2013 4:00am EST
from around the world. spanish bank stocks hit hard. bbv bbva, sees profits plunge. a pair of china manufacturing survey seeking expansion in january. the official pmi has slipped below expectations. >> and is steady as she goes, the u.s. economy is expected to keep up the recent trend of modesty of unspectacular job growth in january. >>> plus, the dutch finance minister warns of a worsening deficit this year, this after the government is forced to bail out local banks after a bailout of 3.7 million euros. >>> we kick off with the pmis out of the eurozone. january manufacturing pmi, 47.9. the flash 47.5, december manufacturing pmi was 46.1. it has boosted the euro to maintain its gaze, now back over to 1.3651 and continuing to climb high. that is now a 32-month high against the yen, as well, at 11.25965. the german manufacturing pmi was a little better, as well, this morning. helping to boost those numbers. we suggest that there's benefits from emerging markets rather than, perhaps, from elsewhere in europe. anyway, coming in better once again for the eurozone. still in contraction
CNBC
Feb 12, 2013 1:00pm EST
. >> also mead china factor, las vegas rolling out red carpet for chinese new year tourist, which casino stock stands to win big. >> "sports illustrated" swimsuit edition hits news stands today. i bet you already knew that. supermodel kate upton on the cover for the second year running. she's going to join us live here on "power lunch." we don't want to miss that. >> in the meantime, let's check the markets. we have dow 14,000 and climbing as things stand at the moment, apple is weighing on the tech sector. we'll come to that in a moment. kenny pick ari joins us as -- >> director of relations. >> cnbc contributor. maybe pushing it. what levels are we eyeing now. >> 1525 on the s&p is what they are looking at. you can feel they just want to take it there. >> five points away. >> five points away. actually four points away. not a lot of volume but feel the grind going in front of the state of the union address, tomorrow's retail sales number. they are going to spin it as best they can but it's interesting. >> is it possible tore president obama to derail this rally, now that we don't have
CNBC
Feb 4, 2013 4:00am EST
up on the program, we'll head out to hong kong where china is requiring a reinstruct during of the economy. >>> after that, of course, the super bowl wasn't just one of the on biggest sporting events of the year, it was one of the biggest days of the year for madison avenue. we'll take a look at which ads were touchdowns and were ads were fumbles. >> mariana rajoy meets angela merkel. >>> plus, upcoming elections that sylvia berlusconi has called his last great electoral and political battle. >>> the power to split up uk banks if they fail to -- activity. george osborne is expected to give the bank of england the responsibility to make sure banks are involved in these activities. you have to love the extended analogy. watch the george osborne speech live here at 10:30 local for those of you here with us in the uk. in the meantime, there are more charges at the top over at barclay's. last night, the bank's financial chief and financial chief announced their leaving. tomorrow, barclay's ceo anthony jenkins will face questions in parliament over banking standards and next week
CNBC
Feb 5, 2013 4:00pm EST
and china is getting better and europe is getting better and greece is off the table and draghi will speak this week. >> right. >> things continue to be positive. >> mike -- >> i'm not sure china is getting better. >> you don't think china is getting better. >> just look at yum earnings. >> according to bmi china is getting better. >> expectations are too high. just for what it's worth in china. >> all right. let's -- >> how about europe? mike, does europe become front page news again? where are these markets? a couple of cat lifts on the horizon, italian elections and debt coming due for spain? >> what we saw yesterday is that the threshold is pretty low for people to start getting nervous again about europe because we don't have the depth of confidence that the european central bank is really all in and means the same thing that it means over here with the fed, so i do think there's a possibility for a surprise there because it's really been off the front pages for a while. i mean, i'm mostly concerned when it comes to our markets about, again, as was mentioned, the bullish sentiment wel
CNBC
Feb 20, 2013 4:00am EST
to step aside. >>> the rush to set up shop in china is down. the fastest decline in more than three years in january. >>> okay. lots happening on the program today including a grew interviewer coming up. we'll be counting down to the bank of england minutes after andrew bailey is to lead the new banking regulation unit. the minutes will be out in a half-hour's time. we'll bring those and u.k. unemployment figures. >>> the central bank watch extends overseas as investors stand by for minutes from the federal reserve's latest meeting. they're due out later this afternoon in the u.s. will the fomc offer clues on an end to qe3? we're joined at 11:30 to weigh in. >>> with india's government clouded in corruption allegations, we'll speak to one of the country's wealthiest individuals and what it means for business. billionaire udai kotak joins us in 20 minutes' time. >>> plenty coming up including sony which is heading to the bill apple for a major on, national endowment. will the game console giant take the wraps off its rumored playstation? expert analysis at 11:20 cet. >>> and bhb bulletin h
CNBC
Feb 20, 2013 6:00pm EST
about last night, i am concerned about copper. it's been acting a little lame and that means china, indeed, may be slowing. i don't like to see the oil service index plummet, if we could break the 33-day streak, that wouldn't be all that terrible. i don't like washington backen o the front page. they're a short sellers delight. they come on the right moment to put the kaibosh on a rally. and i am concerned about the payroll tax holiday going away. i'm worried about still higher tax, i think auto sales could be slowing. the dollar was as strong as it's been in months. those are all bad, all right? let's step back for a second. did anyone really think the rally could keep going up week after week after week? did anyone think we could maintain the streak any more than the hitting streak of joe dimaggio? did we expect the market to hit endlessly? oil down the hardest in two months. is that like cal ripken quitting in the end? the markets had an amazing run. we don't want the federal reserve to start ratcheting up interest rates all of a sudden. because as the late great marty said famo
CNBC
Feb 26, 2013 12:00am EST
security clearances. his companion is tai shen kuo, a spy for the people's republic of china. bergersen knew a secret that the chinese desperately wanted to know, and neither man knows that what they're about to do is being recorded by two cameras the fbi has concealed in their car. >> let you have the money. >> oh, oh. are you sure that that's okay? >> yeah, it's fine. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we turn our attention to some foreign intrigue. first, a story about a mysterious computer virus that struck an iranian nuclear plant. later, the report of how american agents hunted a notorious arms dealer. and finally, an account of a chinese-american spy trying to steal u.s. military secrets for china. we begin with the story of stuxnet, a computer virus considered to be the world's first destructive cyberweapon. it was launched several years ago against an iranian nuclear facility, almost certainly with some u.s. involvement. but as steve kroft reported in march of 2012, the implications and possible consequences of this new kind of warfare are now bei
CNBC
Jan 31, 2013 7:00pm EST
by relatives of china's prime minister. this is chinese military intimidation, just like the piracy and counterfeiting of american property that goes on in china all the time. i'm now joined by gordon chang, he's the author of the coming collapse of china, and anne lee is the author of what the u.s. can learn from china. professor at nyu and was also a visiting professor at beijing university. why would the chinese military or otherwise pick on "the new york times"? "the new york times" is only slight tloi tly to the right of. i think china is probably more capitalist that "the new york times" editorial page. so why did they go after the "times"? >> well, when they published the article, it really inflamed a lot of folks. and even though we allege it's the chinese military, we don't really know for sure because there are lots of chinese hackers in china. so it could very well be just rogue nationalist folks who decided to take matters into their own hands. you have to remember he is a very popular leader in china. so with the nationalist sentiment that's been growing in china, it's
CNBC
Feb 14, 2013 4:00am EST
on bringing top investors with us. we brought china investment corporation to invest in several transactions. last year 1.5 billion came from investors. so our approach is invest a little bit of money, but have investors since the walls come and invest in russia so it's all about increasing the partnership of foreign investors and of private investors in the foreign economy. >> we had the ipo going on at the moment, as well. you are a stakeholder in that, as well. can you tell us what the intentions are regarding that ipo? >> well, we're big deliverers in my business. we're a shareholder. we would like to increase our stake in the business and we would like to continue bringing investors with us. we already brought quite a few investors into the company. the ipo will be happening tonight. we have big delivery of the business because it's a monopoly stock exchange in russia. president putin mentioned that most of the exchange will happen with the schangz. >> and so you can't tell us exactly what you're doing until we find out tomorrow, but there is a good chance you want to increase your expo
CNBC
Feb 22, 2013 4:00am EST
monetary condition in china. in japan, the nikkei recouped early losses to finish higher by 0.7% while investors watch if the u.s. backs aggressive economic recovery plans. .some european sensitive stocks were weaker over concerns about the u.s. economy and data but heavy with stocks. south korea's kospi managed to finish largely in the green. australia's asx 200 finished about 0.75% in the green. india's sensex now trading higher by 0.3%. back to you. >> sixuan, thank you very much. a lot of key levels on global markets this week. still to come on the program, we'll be live on the ground. here are some highlights of what we've heard from the candidates so far. >> i've never spent that much on something for any girlfriend. an incredible sum. it's the most interesting i could do. we've announced the wish to make a gesture from the state aimed at renewing our closest and peaceful relationship with the people. >> translator: we'll put italy first. we need to pull out of this. we don't want to have enemies. we want to use our ideas to call italy out of this situation. and i also want to sp
CNBC
Feb 18, 2013 4:00am EST
taster. in china, it's the first trading day market in the new year of the snake. so will it be new year old problems? up next from hong kong, we'll have the latest analysis. >> did you just slither? also, the final week of campaigning in italy ahead of the general elections. we will be live in milan throughout the morning for a roundup of the candidates policies and pit falls. julia will join us for that. >>> and hear state from the finance ministers. we have a roundup of the g-20 meeting in moscow. >> and london fashion week is under way and international expansion seems to be the latest trend. we'll hear from top designers who are putting their foot forward on the global runway. >>> first, standard & poors says it wants more time to gauge shinzo abe's rating policies. s&p says recent policies could reflat japan's economy. but the government's books will continue to be weighed down by heavy debt. that's even if plans go ahead to raise a sales tax. there's a one in three chance of a downgrade this fiscal year. this is as the japanese prime minister shinzo abe says he will consider chang
CNBC
Feb 4, 2013 5:00pm EST
, no sugar-coating here. yum brands warning that that chicken scare in china will negatively impact its 2013 earnings. investors selling the restaurant operator afterhours. the company did beat on the bottom and tom line top lines current quarter. but the outlook for china, all that negative publicity there surrounding yum's chicken supply. the current negative sales trend in its china kfc business will adversely impact 2013 eps. melissa, back to you. >> josh, thank you. does seem that the china impact is lasting to 2013. this is more than just a china story. this is a p.r. problem for yum in china. >> it is, though i really hope they can get past it. such a great company. it's a little too rich for me, but i think -- i actually think they will be able to get past it, i do. >> could be a buying opportunity. b.k., you are an expert in the meat space -- >> i have carved out quite a career. i looked at yum at a proxy for china, in the growth was picking up or slowing don't. i don't think you can do that anymore. this is a p.r. problem. they will get past it, but for now, you can't trade it as
CNBC
Feb 5, 2013 4:00am EST
announcer ] hold packages at any fedex office location. >>> over the weekend, china's service sector gauged up slightly for january, as well, which is adding to evidence of some economic rebound. let's check in with markets across asia. li sixuan joins us from singapore. >> thank you, kelly. as you just mentioned, those eurozone fears and a negative handover from wall street were somewhat offset by upbeat data from china. the latest pmi data confirmed more signs of china's recovery. the shanghai composite reversed early losses to end marginally higher today. developers left the game. railway stocks soared to 8% to 10% growth in light of people traveling during this week's holiday rush. meanwhile, the hang seng had its worst day in almost three months. shares tumbled 6.4% today after a $3 billion new share placement added 9.5% discount from montd's closing price. in japan, the nikkei pulled back from its 33-month high, ending down by nearly 2%. shares slipped of 6% after its outlook by 16%. retailing lost over 3%. this comes after its unit close in domestic same store sales last month. elsew
CNBC
Feb 15, 2013 4:00am EST
that is a major game changer. the third major trend is china, the china story is getting bigger and bigger and bigger. not only that, the money is coming out of china rather than investing in u.s. treasury, it's chasing for the acquisitions of sf and equity stakes and various companies to earn higher returns and also gain larger market share. now, the fourth trend, of course, is the huge asian plus china kind of trade block. it's one of the largest in the world by population size. but it's also growing much faster compared with other markets. so all these four different trends trarns late for positive earning he in the region. >> where are the map opportunities, then, if you're looking from an investment angle? where would you see the sectors you get most of this transaction? >> right. right. so you would look at the region. what's happening is the rise of the middle class. in china, of course, at the country is changing from an export dependent economy to an economy of more balance towards internal consumption, i.e., underpinned by the rising middle class. and the same story you were sayi
CNBC
Feb 5, 2013 9:00am EST
slowing of contraction. in china, services pmi accelerating to 54. as markets climb back from the s&p's worst day since november, is today's market going to demonstrate investors' willingness to buy the shallowest of dips. >> the business that accounts for half of sales down 6% for the recent quarter. >> justice department's lawsuit raising all kinds of questions. is this payback for downgrading the sovereign debt? >> and will today bring news of a dell lbo, and if it happens, what is the effect on equity markets, credit markets, the pc sector and michael dell himself. >> we start with the markets today. futures off the highs of the morning. the biggest decline of the year so far. s&p fell back below 1,500. the markets topped out, or is there more room to run for the bulls. jim is back from new orleans and other exotic locales. >> oh, yeah. >> good to have you back. >> thank you, carl, good to be back. >> are we in a new kind of environment? >> i think there's some program selling. the dow 14,000, a lot of institutions might say, okay, enough is enough. let's do some lock-in. i thin
CNBC
Feb 12, 2013 9:00am EST
to the euro, above 134 this morning. japan's nikkei surging nearly 2%. the markets in china and hong kong are closed for a second straight day in observance of the chinese lunar new year. apple, in just about 1 hour 15 minutes, ceo tim cook takes the stage at the goldman tech conference. he will unveil a dividend increase or buyback. will he reveal anything about the product pipeline. we're on the ground in san fran. >>> the president set to deliver the state of the union address tonight. will he strike a conciliatory tone or push for more tax hikes. and why will tim cook be sitting next to the first lady. >>> europe, once again, the laggard with a decline in both volumes and sales. >>> what a quarter for michael kors. blew out earnings, posted a whopping 41% comp in north america. >>> we begin, of course, with apple. ceo tim cook set to speak at the goldman sachs conference in san francisco. this comes amid concerns about apple losing smartphone market share, a legal challenge in a stock that has fallen more than 30% from its september highs. it is the stock declines that i think puts in
CNBC
Feb 11, 2013 4:00am EST
in beijing was muted given the record levels of air pollution. >> you decided to go to china town this weekend? >> we thought we would try. lunar new year is probably not the best day of the year to casually swing by and hope for a spot. >> no. >>> meanwhile, hundreds of thousands of resolvers took to the streets to enjoy parties and parades. rio's carnival alone sets to generate more than $650 million for the local economy, as well as celebrations in 2013 as well as a test of brazil's infrastructure ahead of the world cup next year and the olympic games in 2016. joining us for more is mya bandari. huge infrastructure problem, actually, for brazil with those events. are they meeting that challenge? >> well, i think the key point really to make about things like olympics and the world cup is that they tend to have fairly standard effects, if you like, on the economy. we saw that with the uk, we saw that with china. you have really a temporary fiscal boost in the two quarters in the run up to the event. then what happens in the actual quarter is a little bit dubious. it depends on,
CNBC
Feb 27, 2013 6:00pm EST
sweating the jpm program. but captain jamie dimon got that moby sucker. how about china? how about china? another reason we got crushed was china. aren't we petrify thad china is stalled. break down the handbook here, and china stalled, that means commodities stalled, which means the strength is khmer call. i told you we want to listen to michael sutherland, the biggest pure play in mining equipment. china coming on strong, a demand for commodities around the globe. another issue neutered by today's evidence. but isn't the consumer -- i got the whole litany, isn't the consumer tapped out by higher gasoline prices? by the end of the payroll tax holiday, by increased taxes for the rich. by the bad weather lately. i don't know, but newly created gatsby index was on fire. dollar tree, and great gatsby nick caraway. and how about the all-time high, home depot. three-point jump macy's moving up another buck and walmart continuing to run, despite endless attempts by portraying the company having a dim view of the future. something by the end of the show saying jcpenney stinks, oh, i threw that
CNBC
Feb 18, 2013 2:00pm EST
like drugs, stolen by thugs, and threatened by inferior imports from china. >> he found one already? where, where, where? where? he found one? oh, my god. oh, smell that. in the beautiful italian province of perugia, truffle hunters roam the frosty hills with their trained dogs, who sniff out these lumpy mushrooms when they're ripe, one at a time, as they have for centuries. wow. truffles grow wild, underground, usually at the base of an oak tree. [pig snorts] they used to use pigs, but they ate the truffles. >> very rich american people, they only see truffles on the table of a very elegant restaurant. they don't see this. now you know why they are expensive, right? >> olga urbani may be the only person in the world who goes truffle hunting in a full-length fur coat and a caribbean tan. but in the truffle business, she can pretty much do what she wants. olga. >> yeah. >> her company, urbani, controls 70% of the world's truffle trade. >> when you find the truffles, it's like to have a miracle. >> another one. other countries, including the u.s., have tried cultivating truffles with
CNBC
Feb 4, 2013 4:00pm EST
. china. that fxi was also on the weak side. what was the gainers? well, it's the risk off trade stox. the bond funds did well. and people who were investing in shorting the stock market like the sds did well today. finally is this the start of a consolidation flat lining? we don't know. but the vix moved up. i'd say right now 1% decline -- 100 point decline after a thousand-point move still pretty small. i think we have to wait for another 300 or 400 points before we get concerned. >>> automatic spending cuts looming large and will occur in less than a month without some kind of d.c. deal. here's what president obama had to say about spending and taxes last night on cbs news before the super bowl. >> there is no doubt we need additional revenue. coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way. >> so what does smart spending cuts mean? judd gregg is co-chair of the fix the debt campaign. robert reich is from the university of california at berkeley and author of "beyond outrage." both are cnbc contributors and we thank you f
CNBC
Feb 12, 2013 5:00pm EST
of the year. and finally, we expect a deal with china mobile is going to be very important to continuing the high end iphone growth and that is expected maybe in the fourth quarter this year. we see two or three catalysts over the year that could move the stock up. >> cook mentioned margins and how he'd be willing to give up on margins. does that concern you that they're willing to give up margins in order to sell more and it sounds -- it sounds like he's getting at a lower cost phone. >> well, you know, he made a couple comments. he did suggest they need to get more people buying apple prod t products, but he also said they're all about making great products. implying their products deserve the high margins. and hey, you look at the macintosh, it gets a very high margin for a pc product. so, it's not clear they're really signaling you're going to see lower margins. the problem is, though they don't call themselves a hardware company, they are a device company and 30% operating margin long-term historically has proven difficult to collect. we are no longer looking for the gross margin t
CNBC
Feb 6, 2013 4:00am EST
demand thanks to shipments in china after a dismal year for the industry. >>> disney could be the happiest place on earth today. the media giant reports better than expected earnings, sees even brighter days ahead. >>> new imminent privatization for ubs. the business secretary plays down talk of a government plan to sell shares in the state-owned banks. this as rbc confirms it's liable to face libor penalties. >>> all right. let's bring you up to speed at the top of the program. we start with global equities and european equities in particular, weighted to the upside. 8-1. advancers outpaced decliners at the moment. footse 100, gauges today, this is where we stand. up .5%, xetera dax up a quarter. the ibex up .4, trying to receiver from the losses on monday -- recover from the losses on monday. the cac cac up .25. shares jumping after a strong earnings report. the danish wind turbine maker announcing better than expected rise in fourth quarter profit and revenue. stock up 7%. they expect a pickup and more demand this year. this after the net loss widened to $4 billion in th
CNBC
Feb 8, 2013 9:00am EST
. in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a two-week winning streak for stocks. >> a blowout quarter, users increase continued in momentum. >> the storm could be one for the record books. forecast calling for as much as 2 1/2 feet of snow in some parts of the northeast. already more than 3,700 flights have been canceled. we'll get more from the weather channel on the path of nemo. >>> mcdonald's down 1.9 in january. middle east and africa, europe saw a 1%, 2% decline. u.s. the only bright spot. comps up 9%. even some suggestion that asia, which is 40% japan, but also china, got tainted with the chicken contamination scare. >> that wouldn't surprise me
CNBC
Feb 5, 2013 6:00pm EST
, you short fxi at the end of the day if you think china is going lower. i would. it's a trade. >> at the end of the day. >> guy. tim seymour drinking game. cerner. it's on fire in the aftermarket. i think it will accelerate tomorrow. >> dan? >> i hate this market here. i think the risk/reward -- >> how do you really feel? >> horrible right here. bearish positions. i'm long the sds and spy february puts. >> booekers? >> we are at the end of the day, but also the end of thes thing here. i don't think that europe is fixed at all. so, you short deutsche bank here, db. >> a lot of drunk people out there right now. i'm melissa lee, thank you for watching. see you tomorrow at 5:00 for more "fast money." got the ceo of yelp tomorrow. . >>> i am jim kramer, welcome to my world. >> they are nut, they know nothing! >> i like to say, there is a bull market somewhere. >> "mad money." you can't afford to miss it. my job is not to entertain you but educate you. yesterday's hideous, awful, terrible market. where, we got hammered for more than a percent. bringing out the nasayers. house of pai
CNBC
Feb 27, 2013 4:00am EST
. china's securities regulator issued a draft to allow more brokerages to expand asset-backed securities businesses. also, there are reports that beijing will soon allow resident in hong kong and taiwan to invest in the mainland's a shares, boosting market liquidity. meanwhile, shares in hong kong bounced off its two-month low, up .25%. aia shares added over 4% after posting an 89% jump in 2012 profit. the property counter also lent support while hong kong's government pledged more public housing and lends supply to home affordability. another lackluster session in japan after yesterday's over 2% tumble. the nikkei lost 1.3%. financials led the renewals on losses and worries. a stronger yen sent exporter stocks lower. cannon slipped nearly 3% despite the camera maker forecasting that 7% to 8% growth for 2013 sales. elsewhere, the kospi ended marginally in the green, up .2%. south korean automakers drove higher thanks to the yen's regained strength. hyundai added .7%. while the company agreed to set fuel economy cases in the u.s., although the amount is not disclosed. meanwhile, australia
CNBC
Feb 17, 2013 7:30pm EST
," the entrepreneur who became china's consult cultural revolution to become a star of america's capitalism. ping fu will join me. >> this is a 3d printed shoe. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> are entrepreneurs born or made? my next guest tells a remarkable story of innovation. she remade her own life, surviving a difficult youth in mao's china and american technology pioneer. ping fu is author of the memoir "bend not break." ping, great to have you on the program. thanks for joining us. >> so pleased to be here, maria. >> the memoir is actually a page turner. we were so looking forward to having you. it's been quite a journey. beginning with being sent to a labor camp at age 8 where you cared for your younger sister and suffered significant abuse. tell us a bit about what it was like dur
CNBC
Feb 7, 2013 4:00pm EST
%. the trade with china is booming. i hope i'm buying low and selling high. >> how long do you think this lasts in japan? a lot of momentum going on there. >> yeah, i know. that's the problem. a lot of momentum and i'm not very good at short-term trading. why couldn't it double? why couldn't it go to 20,000 if he prints a lot of money. the yen may collapse but the stock market could go to 20,000. >> because of the valuation that we're talking about. >> he's printing money. he said unlimited. when you throw a lot of money out window, maria, somebody catches some of it. there's the wisdom tree has a whole etf, called an etf. >> yes, yes. >> dxj. >> which is neutral on the currency. >> yeah. >> that's a great way to play japan. >> they hedge out the currency. let me ask you about rates in this country because some people are worried in fact they will start to see rates creeping up. we'll see fast and furious. is that what you would expect? >> i'm short bonds. short the 30-year bond. >> when would that happen, jim, come on, this year, next year? >> i don't expect it to spike this year unless someth
CNBC
Feb 5, 2013 12:00pm EST
reported it's best sales month ever in china. is there an upside ahead? >>> after toll brothers big run, is the stock losing it's curb appeal? two traders with opposing opinions in one heated debate. coming up. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ woman ] don't forget the yard work! okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking. standard at citibank. makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citiban
CNBC
Feb 12, 2013 4:00am EST
that we have on this development is that we have china's reaction to north korea's nuclear tests, as well. china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one and only ally and that it's been pretty patient with its bad behavior and this nuclear test could complicate things a bit, given that the chinese support was to maintain the status quo in the region. guys, back to you. >> chery, thanks very much. we should note the international response has been swift. you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> than
CNBC
Feb 5, 2013 6:00am EST
to shrink as it struggled to manage a food safety scare in china. remember i made that joke about cats. we'll leave that alone. also, toyota now raising its annual profit guidance banking on stronger sales in the u.s. market and a boochtd from a weaker yen. but the automaker says it will not build any new factories in three years despite product. >> why don't we take a look at markets this morning. yesterday, the markets had their worst performance in 2013. the dow was down by about 129 points. that is less than 1%. s&p was off about 1 is.1%. and the nasdaq was off by about 1.5%. this morning, we do see some green arrows indicating that at least at the open, if things continue at the pace they are at right now, you will see some gains for the stock market, a bounceback after the dow fell back below 14,000 yesterday. take a look at oil price these morning. right now, you'll see that wti crude is up by about 47 cents. that's about 0.5%. 96.64. the ten-year note, which kwled yesterday was once again yielding around 2%, at this point, the yield is back at 1 of 989%, sitting right at that cusp
CNBC
Feb 4, 2013 6:00pm EST
and aluminum. at times producing too much, at times the products from other countries notably china cause a glut in the system. prices go et slashed, future earnings per share get crushed. i listen closely on these commodity calls to get a sense of whether inventory is building anywhere in the system. because if it is, i can tell that the gross margins are coming down and i've got to get you out of those stocks quicker than i do. aluminum, steel, copper, i've got to work faster. don't you believe for one moment it's the commodity producers that are affected by these gross margins. i listen to every single major pharmaceutical call for you. i hear about generic competition what that mean for future earnings. drugs coming off patent, it'll plummet in price is one that scares me. and i tell you to get out because i think it's going to trade at a low multiple to future earnings even if it traded as a high one in the past. until the stock discounts that, i've got to keep you out of it. very few drug companies are immune from this gross margin compression. i steer clear of them as best as i can
CNBC
Feb 25, 2013 6:00pm EST
plenty of international worries which seem to accelerate last week, including new found weakness in china, the sell everything now call selled prophetic. especially some who articulated said they were articulate and it felt right. right into the teeth of the ugliness the market continued to soar and it continued into the beautiful opening where the dow was 80 points higher. some 200 points, keep that in mind above where the sales calls were made last week. it was a much better chance to sell. even though it came and went, it gave you a loud, large opportunity to get higher prices on the go out. if you wanted to take some profits and cash out for the mome moment. that's something i said i can't blame anyone for doing last week. if they're as nervous as some of you said you were in the calls to the show. we got a bunch of them. sure, that's not what matters. what matters is that if you truly thought that the market was too high to begin with or you were worried about italy or sequestration or gasoline prices or weakened china, you could have sold stocks had you waited for thursday's selling
CNBC
Feb 25, 2013 12:00pm EST
's always going to be headlines news. if it's not italy, it is china, the uk. you have to be long the markets. fundamentally they are very strong. m and a activity picked up. housing still looks robust. focus on the fundamentals and when you see these pull-backs, get in on the themes you like. >> last week the market sold off a couple of those days. some people came on our show and said now it is the time to get to cash. we had a big friday and today at least at the open we opened positively. >> i'm kind of encouraged though. on friday you had the uk downgrade. over the weekend you had a really disappointing flash pmi china number. we're only down 50 points. i thought we'd open up a lot lower because of those data points. it is encouraging. i aep agreen with simon, find the themes, focus on the themes. last week everybody was down on housing. we were buying housing last week. today everybody's down on financials. we're buying financials today. stick to what you believe in and again, housing, manufacturing, financials, even auto sales look like they're better than expected. those a
CNBC
Feb 19, 2013 5:00pm EST
, doing better. >> didn't copper pull back because china was pulling back on the liquidity through repo lines. it's a pullback based on the notion that china is a big consumer. >> well, if that's true, then tin and zinc fell rather dramatically. >> they talked about putting clamps on the property. they hit all the industrial metals because china was worried about the property prices. >> good. they should. they've had -- property prices in china got a little bit out of hand. they needed to put a stop to that at some point. >> all right, dennis, great to see you. >> thank you. thanks for having me on. >> dennis gartman. let's trade some gas price derivatives. the consumer stocks, especially in light of that walmart memo, citing an internal e-mail that february sales off to its worst start in years. you couple that with the pain at the pump, and not a pretty picture for the u.s. consumer at this point. >> i'm not going to go the consumer route. we've been talking about the refiner trades. look at psx. in the 40s, we said it is probably going to trade its name sake, 66, and here we are nort
CNBC
Feb 11, 2013 5:00pm EST
domestically with the three u.s. partners, so, 4-x opportunity there. but the per capita income china, 2,000 versus $50,000 in the u.s., so, the affordability just isn't what it is in the u.s. coupled on the fact that carrier subdies are much lower typically abroad, as well. so, we think apple needs to bring in a half price phone, a $300 wholesale phone for the international markets and if they can do it and it's an be interesting form factor, that could accelerate earnings. until then, it's going to be difficult for them. >> brian, can we say good-bye for good to the days where apple was, in fact, a growth stock and had the high rates of growth? is that completely a thing of the past, now that it's sharing its shareholder base? this doesn't sound like the apple of the days of yore, so, maybe $700, we won't see that for a long time? >> it brings a tear to my eye to say so, but i think that's correct, yeah. ultimately, you know, always the first question, or, if you go back to a marketing meeting with an investor a year or two ago, first question, apple. it's typically about, what's the p
CNBC
Feb 14, 2013 12:00pm EST
happening in this country and look at the fact china's acceleration growth is picking up, i favor cyclical stocks over financials in this country based on the housing recovery that's occurring. >> what i hear you saying overall you're a bullish guy, the way you look at the land skip if you favor cyclical stocks, if you think financial stocks which have had a tremendous run, still have more room to go, that's the really strong bull case. >> if you look at valuation, diversified financials are trading around the one time price-to-book ratio, roughly 1.5 so i think there's room on the off side just based on valuation. you're right, they have had a big run. we expect some consolidation along the way. joe? >> energy is leading the market higher and really been a sector that a lot of the investment banking community at the beginning of the year did not focus on. do you believe this further appreciation is warranted and is it indicative of the overall sentiment of the market? >> you have to look at commodities and basically try to get a sense of is there a commodities cycle in the up or down cycl
CNBC
Feb 7, 2013 4:00am EST
saw in china sales rebounding last month, over 2% following a big drop in december. you're also joining baic motors in a joint venture there. how do you see the china sales progressing? and what percentage of your sales will now be in mainland china? >> well, we expect china to become our biggest market. last year, this was the united states. in china, we after a slowdown of our growth last year have made some decisions, including a board member for china, a new sales structure and recently the intended investment into bike. with these changes and, of course, lastly driven by our great product, we expect to regain momentum throughout this year. >> what happened in china? were you not -- should you not have been more aggressive going into that market which is clearly the growth opportunity here and where are you lagging rivals? >> well, first of all, we came many years later than our direct competitors. for about 60 years, we had a great catch up. we grew faster than our direct competitors. in 2011, we were almost at the level of one of the two competitors. 12 we lost momentum. t
CNBC
Feb 11, 2013 1:00pm EST
to do things in china and untap future revenue for them. >> let's move on to the last stock. dougherty downgrading green mountain coffee. saying quote, we sense that green mountain views the long-term growth of its u.s. household brewer base plor conservatively today. this stock obviously has had an awful lot of volatility over the past six months. >> yes. >> that's an understatement. down almost 4% today. down on a one-week basis down just about 7%. year basis down almost 31%. >> yes. us traders like to say this stock has been taken out to the wood shed and beaten. >> you bottom fish. >> i don't know if there is a lot of bottom fish. the k-cup, a lot of things that bother people is the forecast. the forecast were quite dismal. as it shrinks and competition comes up, i will stay away. kills me to disagree with three analysts but i agree. >> down with you, three for three today. >> we need to get back to the markets. goldy is about to close and close at a five-week low. well tell you why. >>> good news for retirees at this time, involving corporate mention plans. we'll have the details.
CNBC
Feb 12, 2013 12:00pm EST
with expansion at china mobile is a big story. it's very specific, looking for names and where we have seen performance has been in the names we have given up for dead maybe have enough product line coming out right now maybe they have a chance that they catch to apple or samsung but at least more come ppetitive than severa months ago. >> are you still a believe in big cap tech? >> it has not changed. it has commodity based companies, the semis and pc manufacturers. the other side are cutting edge technology stocks you buy for a wave. i think jpmorgan downgrade was very flawed. i don't see the comparison between blackberry and palm. blackberry has an installed base of almost 80 million people. palm had no installed base. blackberry has a huge corporate installed base home depot i said and have new technology. we talked about that off and on and i disagree emphatically about that comparison. >> dan, i'm not sure if you can hear these guys. stev steven weiss is making the point you can't make a comparison between blackberry and palm, the installed base is defendantiffe. why are you so skeptic
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